The State Bank of Pakistan’s Monetary Policy Committee (MPC) will convene on Monday, May 5, to decide the country’s key interest rate for the next two months.
According to a statement from the SBP, the upcoming session will review prevailing economic indicators and set the direction of monetary policy.
Brokerage firm Arif Habib Limited (AHL) has projected a 50 basis point cut, which would lower the policy rate to 11.5% from the current 12%.
In its previous meeting held on March 10, the central bank opted to keep the rate unchanged. However, with inflation easing and economic stability improving, analysts now anticipate a gradual reduction in the policy rate — potentially by up to 200 basis points by year-end.
COLOMBO: England concluded a commanding clean sweep of the ENG vs SL T20 series with…
World Russian President Vladimir Putin held a phone call with Saudi Arabia's Crown Prince Mohammed…
There is a scene in "The Housemaid," a film that has dominated the box office,…
Security forces have killed 197 terrorists during three days of sustained counter-terrorism operations across Balochistan,…
The former United Kingdom ambassador to the United States, Peter Mandelson, has announced his resignation…
President Asif Ali Zardari will confer the Nishan-e-Pakistan, Pakistan’s highest civilian award, on the Presidents…
This website uses cookies.
